Skip to content
Friday, October 23, 2026 · Today’s edition, 6:30 a.m. ETFri, Oct 23 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in

Colovore files $430M Fort Worth data center permit a day after Texas pause

The Denton County application sets a Dec. 1 start and a Dec. 1, 2028 completion while a city moratorium and the governor's permit pause are still in motion.

At a glance

  1. The application describes a one-story building with four data halls and 156,500 square feet of data center space, along with a 42,000-square-foot screened equipment yard and an administrative area, with an estimated start on Dec. 1 and completion on Dec.
  2. More than a month before the filing, the Fort Worth City Council began the process of implementing a 90-day moratorium on accepting, processing and approving new data center applications, according to Community Impact via Connect CRE; the governor's pause arrived the day before the application.
  3. Whether Denton County reprices the same way is unknown, but the filing shows a sponsor willing to put a nine-figure number into a queue that two layers of government have just made longer.

Colovore has filed for a permit to build a $430 million data center in the Denton County portion of Fort Worth, a filing that landed one day after Governor Greg Abbott ordered a pause on issuing data center permits, according to Connect CRE.

The application describes a one-story building with four data halls and 156,500 square feet of data center space, along with a 42,000-square-foot screened equipment yard and an administrative area, with an estimated start on Dec. 1 and completion on Dec. 1, 2028.

More than a month before the filing, the Fort Worth City Council began the process of implementing a 90-day moratorium on accepting, processing and approving new data center applications, according to Community Impact via Connect CRE; the governor's pause arrived the day before the application. How far the application gets is not something the coverage resolves.

A Texas budget filed into a closing window

Denton County would slot into a Texas footprint that already includes an Austin data center, sites under construction in Fort Worth and Mesquite, and a planned project in Johnson County, but the cost figure is worth reading against the developer's last Texas budget: the Hutto project this publication has covered broke ground in September at $280 million, down from a $500 million original price for nearly the same building. Whether Denton County reprices the same way is unknown, but the filing shows a sponsor willing to put a nine-figure number into a queue that two layers of government have just made longer.

The application reads like a developer underwriting the permitting calendar as the scarce asset, the place where data center capital now prices risk, ahead of the land itself.

The completion date is the tell. Dec. 1, 2028 lands in the year the build-over-buy trade has been aiming at, and the bet now carries a policy rider in the form of a pause order issued the day before the paperwork. The dates to watch are the council's 90-day process and Colovore's Dec. 1 start; the second is only reachable if the first clears.

Colovore's Texas budgets: Hutto repriced, Denton County filed

Hutto's budget fell $220M between original price and groundbreaking

$500MHutto — original price$280MHutto — at groundbreaking (Sept 2026)$430MDenton County — permit filing$500MHutto — original price$280M$430MDenton County — permit filing$500MHutto — original price$280M$430MDenton County — permit filing
Source: PRED archive (Hutto, Sept 2026), permit filing via Connect CRE
Show as table
LabelValue ($M)
Hutto — original price$500M
Hutto — at groundbreaking (Sept 2026)$280M
Denton County — permit filing$430M

Reported by the Sectors desk from Connect CRE, Community Impact (cited within Connect CRE) and Private Real Estate Daily archive. Published . Corrections

Related

Real Estate

Data center capital splits: cheap shells, pricier ground

Hutto's $280 million shell, Bitdeer's $500,000-an-acre land, and GLP's RMB4 billion Foshan campus all trace value as it leaves the building for the ground.

Real Estate

Hutto Groundbreaking Puts $280 Million Data-Center Budget to the Test

What Colovore once priced at $500 million now breaks ground in Hutto at $280 million for nearly the same building.

Real Estate

Data center backlash becomes a political-risk premium

State moratoriums and a Texas grid audit mean development capital must now price permission, not just power and land.

Real Estate

U.S. large industrial new leases hit 92% of peak as renewals fall

Leasing volume still does not equal absorption; relocations and weaker renewals can leave space behind, CoStar says.

Real Estate

Lubert-Adler looks to sell 595,000 sq ft Philadelphia office

The Center City building is 99% leased with eight years of weighted average lease term; the report gives no asking price or loan terms.

Private Real Estate Dailyfrom Private Wealth Daily

Non-traded REITs, data centers, industrial and manager fundraising. Weekdays at 7:20 a.m. ET.

Free. Weekday mornings. Unsubscribe from any edition in one click.

From other sections